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655 21St Ave

Paterson City, NJ 07513
  • $899,800
  • STATUS: Active Under Contract
  • ON SITE: 197 Days
  • MLS #: 3859076
Under Contract
UPDATED: 108 min ago
$899,800
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,352
    SQFT
  • $207
    $/SQFT
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Looking for a lucrative investment that practically manages itself? Your search ends here! Presenting a remarkable 6-unit brick building in the heart of Paterson, NJ, boasting not just one, but SIX parking spaces for added convenience. Don't miss your chance to secure a steady stream of income with this outstanding property. Each unit offers the perfect blend of comfort and functionality, featuring 1 bedroom and 1 bathroom layouts. Say goodbye to high-maintenance properties and hello to hassle-free ownership. Generating a gross operating income of $80,580.00, this investment gem boasts a strong financial foundation. The cap rate of 6.67% ensures a stable and attractive return on your investment. The current tenants are all up-to-date with their rents, showcasing the property's attractiveness and the excellent tenant relationships in place. A harmonious tenant-landlord dynamic means less stress and more peace of mind. If you're an investor looking to cashflow, this property is tailor-made for you. Enjoy consistent rental income and watch your portfolio flourish.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-23T23:47:28.117.
www.trompeterrealestate.com/homes/142312808
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655 21St Ave Paterson City, NJ 07513

  • Price: $899,800
  • Status: Active Under Contract
  • On Site: 197 Days
  • Updated: 108 min ago
  • MLS #: 3859076
0
Beds
0
Baths
0
½ Baths
0.12
Acres
4,352
SQFT
$207
$/SQFT
1900
Built
County:
Passaic
Area:
Paterson City
Property Description
Looking for a lucrative investment that practically manages itself? Your search ends here! Presenting a remarkable 6-unit brick building in the heart of Paterson, NJ, boasting not just one, but SIX parking spaces for added convenience. Don't miss your chance to secure a steady stream of income with this outstanding property. Each unit offers the perfect blend of comfort and functionality, featuring 1 bedroom and 1 bathroom layouts. Say goodbye to high-maintenance properties and hello to hassle-free ownership. Generating a gross operating income of $80,580.00, this investment gem boasts a strong financial foundation. The cap rate of 6.67% ensures a stable and attractive return on your investment. The current tenants are all up-to-date with their rents, showcasing the property's attractiveness and the excellent tenant relationships in place. A harmonious tenant-landlord dynamic means less stress and more peace of mind. If you're an investor looking to cashflow, this property is tailor-made for you. Enjoy consistent rental income and watch your portfolio flourish.
Exterior Features

Approximate Lot Size L14 50X100 Available Parking Spaces 6 Construction Brick/Block Exterior Description Brick/Block Location Residential AreaSee Remarks Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Additional ParkingBlacktopOff-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullWalkout Cooling Window A/C(s) Equipment Available Appliances Heating Radiators - Hot Water Max Ceiling Height 0 Max Door Height 0 Number Of Doors 0 Number Of Lavatories 6 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 80580 Net Operating Income 59937 Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 17528 Tax Rate Amount 4.642 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 20643 Utilities See Remarks Utilities Paid By Other Water Public Water Year Built Description Unknown Zoning Residential

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 201-710-0598.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-23T23:47:28.117.
 
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